Western Asset Global High Income Fund Inc. (NYSE: EHI) Announces Portfolio Management Team Update

Rhea-AI Summary

Western Asset Global High Income Fund (NYSE: EHI) announces updates to its portfolio management team, effective June 3, 2024. The new team comprises Michael Buchanan, Ryan Brist, Ian Edmonds, Walter Kilcullen, and Christopher Kilpatrick. Concurrently, Chia-Liang (CL) Lian will no longer serve as a portfolio manager. The Fund's shares, traded on the NYSE, are subject to market fluctuations and may trade at a discount to their net asset value, increasing investment risk. This announcement is purely informational, and Franklin Resources and its affiliates do not sell shares of the Fund.

For more details, investors can contact Fund Investor Services at 1-888-777-0102 or visit the Fund's website.

Positive

• Portfolio management team update could bring new strategies and expertise.
• Maintained transparency by providing a specific date for the management change.
• Investors informed about the risks associated with fund shares trading on the NYSE.

Negative

• Chia-Liang (CL) Lian's departure might cause uncertainty about the Fund's future performance.
• Shares of closed-end funds, including EHI, often trade at a discount to their net asset value, increasing investor risk.
• The announcement does not include any specific financial or performance data of the Fund.

NEW YORK--(BUSINESS WIRE)-- Effective June 3, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows:

• Michael Buchanan
• Ryan Brist
• Ian Edmonds
• Walter Kilcullen
• Christopher Kilpatrick

Also as of June 3, 2024, Chia-Liang (CL) Lian is no longer a portfolio manager of the Fund.

Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund.

For more information about the Fund, please call Fund Investor Services: 1-888-777-0102, or consult the Fund’s web site at www.franklintempleton.com/investments/options/closed-end-funds. The information contained on the Fund’s web site is not part of this press release. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

The Fund’s shares are traded on the New York Stock Exchange. Similar to stocks, Fund share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value, and can increase an investor’s risk of loss. All investments are subject to risk, including the risk of loss.

About Western Asset

Western Asset is one of the world’s leading fixed-income managers with 50 years of experience and $385.4 billion in assets under management (AUM) as of March 31, 2024. With a focus on long-term fundamental value investing that employs a top-down and bottom-up approach, the firm has nine offices around the globe and deep experience across the range of fixed income sectors. Founded in 1971, Western Asset has been recognized for delivering superior levels of client service alongside its approach emphasizing team management and intensive proprietary research, supported by robust risk management. To learn more about Western Asset, please visit www.westernasset.com. Western Asset is an independent specialist investment manager of Franklin Templeton.

About Franklin Templeton

Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.6 trillion in assets under management as of April 30, 2024. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.

Category: Fund Announcement

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Funds

View source version on businesswire.com: https://www.businesswire.com/news/home/20240603324209/en/

Investor Contact: Fund Investor Services 1-888-777-0102

Media Contact: Lisa Tibbitts

+1 (904) 942-4451

Lisa.Tibbitts@franklintempleton.com

Source: Franklin Resources, Inc. and Legg Mason Closed End Funds

FAQ

What changes were announced for the Western Asset Global High Income Fund (EHI) management team?

Effective June 3, 2024, the new portfolio management team includes Michael Buchanan, Ryan Brist, Ian Edmonds, Walter Kilcullen, and Christopher Kilpatrick. Chia-Liang (CL) Lian will no longer serve as a portfolio manager.

When will the changes to EHI's portfolio management team take effect?

The changes will be effective on June 3, 2024.

Who is no longer a portfolio manager of the Western Asset Global High Income Fund (EHI)?

Chia-Liang (CL) Lian will no longer be a portfolio manager as of June 3, 2024.

Are shares of the Western Asset Global High Income Fund (EHI) subject to market fluctuations?

Yes, shares of the Fund, which are traded on the NYSE, are subject to market fluctuations and may trade at a discount to their net asset value.

How can investors get more information about the Western Asset Global High Income Fund (EHI)?

Investors can contact Fund Investor Services at 1-888-777-0102 or visit the Fund's website.